HUD PowerSaver Pilot Loan Program
Abstract
The U.S. Department of Housing and Urban Development (HUD) recently announced the creation of a pilot loan program for home energy improvements. The PowerSaver loan program is a new, energy-focused variant of the Title I Property Improvement Loan Insurance Program (Title I Program) and is planned for introduction in early 2011. The PowerSaver pilot will provide lender insurance for secured and unsecured loans up to $25,000 to single family homeowners. These loans will specifically target residential energy efficiency and renewable energy improvements. HUD estimates the two-year pilot will fund approximately 24,000 loans worth up to $300 million; the program is not capped. The Federal Housing Administration (FHA), HUD's mortgage insurance unit, will provide up to $25 million in grants as incentives to participating lenders. FHA is seeking lenders in communities with existing programs for promoting residential energy upgrades.
- Authors:
-
- Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)
- Publication Date:
- Research Org.:
- Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States). Environmental Energy Technologies Division
- Sponsoring Org.:
- USDOE
- OSTI Identifier:
- 1016371
- Report Number(s):
- LBNL-4555E
- DOE Contract Number:
- AC02-05CH11231
- Resource Type:
- Technical Report
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 29 ENERGY PLANNING, POLICY, AND ECONOMY; COMMUNITIES; ENERGY EFFICIENCY; INSURANCE; TARGETS
Citation Formats
Zimring, Mark, and Hoffman, Ian. HUD PowerSaver Pilot Loan Program. United States: N. p., 2010.
Web. doi:10.2172/1016371.
Zimring, Mark, & Hoffman, Ian. HUD PowerSaver Pilot Loan Program. United States. https://doi.org/10.2172/1016371
Zimring, Mark, and Hoffman, Ian. 2010.
"HUD PowerSaver Pilot Loan Program". United States. https://doi.org/10.2172/1016371. https://www.osti.gov/servlets/purl/1016371.
@article{osti_1016371,
title = {HUD PowerSaver Pilot Loan Program},
author = {Zimring, Mark and Hoffman, Ian},
abstractNote = {The U.S. Department of Housing and Urban Development (HUD) recently announced the creation of a pilot loan program for home energy improvements. The PowerSaver loan program is a new, energy-focused variant of the Title I Property Improvement Loan Insurance Program (Title I Program) and is planned for introduction in early 2011. The PowerSaver pilot will provide lender insurance for secured and unsecured loans up to $25,000 to single family homeowners. These loans will specifically target residential energy efficiency and renewable energy improvements. HUD estimates the two-year pilot will fund approximately 24,000 loans worth up to $300 million; the program is not capped. The Federal Housing Administration (FHA), HUD's mortgage insurance unit, will provide up to $25 million in grants as incentives to participating lenders. FHA is seeking lenders in communities with existing programs for promoting residential energy upgrades.},
doi = {10.2172/1016371},
url = {https://www.osti.gov/biblio/1016371},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Fri Dec 10 00:00:00 EST 2010},
month = {Fri Dec 10 00:00:00 EST 2010}
}